Jeannie Niles Real Estate Investment

Market Watch: November 2006

Palm Springs Area

Type New Listings Pendings Listings/Sales Ratio
Single Family Homes 996 269 3.7 to 1
Condos 439 91 4.8 to 1
Multi-Family 32 6 5.3 to 1

San Diego

Type New Listings Pendings New Listings/Sales Ratio
Downtown Condos 144 51 2.8 to 1

San Diego is usually about six months ahead of the desert area market, which is demonstrated by the above. It appears the ratio of new inventory coming on the market is declining in San Diego, but in the desert is continuing to increase.

In my research, it does not appear there are substantial price reductions, mostly people are adjusting to not getting an inflated price over last year, and getting accustomed to longer market times.

In the current market, a property needs to be the best one available at the lowest price for comparable product.

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Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261

P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com

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